Tag: squared
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Copper prices rose as traders squared positions ahead of China’s public holiday.
[ad_1] Copper prices saw a solid 1.47% increase, closing at 719.7, as traders squared their positions ahead of a lengthy public holiday in China. Notably, inventories in Shanghai Futures Exchange-monitored warehouses fell by a significant 28.0% compared to the previous Friday, indicating a reduction in available supply. In contrast, copper stockpiles in LME-registered warehouses have…